New Zealand Stocks Close Higher

2025-12-02 04:57 By Kyrie Dichosa 1 min. read

New Zealand's benchmark S&P/NZX 50 index rose 0.4% to close at 13,503 on Tuesday, recouping losses from the previous session, mainly supported by gains in health technology shares.

Heavyweight Fisher & Paykel led the advance, up more than 1%, followed by peers EBOS Group (+1%), AFT Pharmaceuticals (+2.3%), and Pacific Edge (+3.3%).

Other notable gainers included Channel Infrastructure (+1.9%), Vulcan Steel (+2.1%), and Spark NZ (+1.8%).

Meanwhile, investors are digesting remarks from RBNZ’s new governor, Anna Breman, who said recent rate cuts should boost growth and employment.

She also emphasized that controlling inflation is crucial, particularly for low-income households, to restore purchasing power.

This follows last week’s rate reduction by the central bank, though updated projections implied just a 20% chance of another cut next year, as inflation is slowing and economic growth prospects are improving.



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